Government is making sincere efforts to ease out the challenges of MSMEs. Justifying this mission of the MSME Ministry, Secretary of MSME Ministry, Arun Kumar Panda came out and urged micro, small and medium enterprises to avail the benefits of various government schemes designed for the sector.
Speaking a Regional Conference on MSME Financing under National SC/ST Hub Scheme in New Delhi, Panda, said timely availability of low-cost capital, technology upgradation to make MSMEs competitive, market accessibility and skilled man-power are the core components for the development of the MSME sector.
He urged MSMEs to avail the benefits of various schemes of the Ministry like Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT SME), Prime Minister’s Employment Generation Programme (PMEGP), Credit Linked Capital Subsidy for Technology Upgradation (CLCSS), Lean Manufacturing Competitiveness for MSMEs, Financial Support to MSMEs in ZED Certification Scheme.
Additional Secretary & Development Commissioner MSME Ram Mohan Mishra urged Chambers of Commerce to transfer to MSMEs knowledge of emerging areas of business and technology and share with them their vision of the future in order to make MSMEs competitive.
This handholding will give the necessary boost to the MSME sector in the country, he said.
The focus of the conference was to highlight the financial challenges faced by the SC/ST entrepreneurs and the various steps taken by the Government and other stakeholders to overcome these challenges.
A loan and awareness camp was also organized by the partnering banks and financial institutions for the participants of the conference. Speaking at the event, MSME minister Giriraj Singh stressed on the need for financial inclusion of small entrepreneurs, without whom the country cannot develop.